British competition enforcer to scrutinise takeovers by big tech           

Britain's Competition and Markets Authority will automatically have oversight of deals like Facebook’s purchase of Giphy.

Britain’s top competition enforcer laid out plans for a new regulator, saying the largest tech companies would face scrutiny for any transaction, no matter how small.

Andrea Coscelli, who leads the Competition and Markets Authority (CMA), said he wanted to see a “special parallel regime” for the tech giants that have strategic market status.